Annual house price growth of 10% despite financial constraints.

Creative Media NewsThursday, 1 September 2022, 10:000

Nationwide reported that property prices in the United Kingdom increased by 10% in the year leading up to August, despite the strain on purchasers’ budgets. The market continues to have stronger buyer demand than available properties, resulting in a double-digit annual increase for the tenth straight month. In the past two years, the average property...

Asda purchases Co-petrol op’s station business for £600 million.

Creative Media NewsThursday, 1 September 2022, 2:000

The Co-op has sold its petrol station business to supermarket giant Asda for £600 million, the firm revealed on Wednesday, stating that the transaction will free up cash and improve its financial standing. The group has stated that the transaction will be finalized by the end of the year. The transaction includes 129 gas station...

British Retail Consortium: August food prices jumped fastest since 2008.

Creative Media NewsWednesday, 31 August 2022, 13:000

According to the data, fresh food was more than 10% more expensive than it was in August of last year, while essentials such as milk and margarine increased in price. In August, food prices increased at the quickest rate since 2008, rising 9.3% after a 7.0% increase the previous month. According to the British Retail...

Royal Mail employees join BT employees in more strikes.

Creative Media NewsWednesday, 31 August 2022, 12:000

Thousands of postal workers have gone on strike for a second day, joining telecoms workers who are also on strike, as unions want bigger wage increases for their members. On Wednesday, 115,000 Royal Mail employees went on strike, while 40,000 BT and Openreach employees remained on strike since Tuesday. The postal worker strikes will impede...

Lurpak manufacturer Arla cautions that dairy costs will continue elevated.

Creative Media NewsTuesday, 30 August 2022, 17:000

Due to a drop in global milk output and rising expenses, the manufacturer of the butter brand Lurpak anticipates dairy prices to continue high. During the first half of the year, Arla’s sales increased by 17% due to large price hikes. In certain supermarkets, the price of a 750g tub of Lurpak recently topped £7,...

Due to soaring energy costs, pubs face closure.

Creative Media NewsTuesday, 30 August 2022, 16:000

Brewery executives have stated that pubs across the United Kingdom will be forced to close due to energy costs increasing by up to 300 percent. This winter, six of the nation’s major breweries have asked for “urgent government involvement” in response to skyrocketing energy costs. The landlord of one tavern in Essex informed that his...

Joules’ rescue negotiations with Next stall following the most recent profit warning.

Creative Media NewsTuesday, 30 August 2022, 12:000

A further decline in the share price of Joules has raised the question of whether a £15 million investment by the retail giant will proceed. The hopes of the struggling fashion retailer Joules to secure a lifeline from the high street giant Next have encountered a roadblock days after it issued a profit warning. Three...

Customers who help with an odd request can get a year of free wine.

Creative Media NewsTuesday, 30 August 2022, 10:000

Majestic, which has 201 stores countrywide, wants 76 more. A wine retailer offers a year’s supply to customers who identify new store locations. Majestic, which has 201 stores countrywide, wants to open 76 more despite the cost of living problem. We’re asking UK wine fans to help us find places so we can provide more...

Identified are the airlines with the fewest delays at UK airports.

Creative Media NewsTuesday, 30 August 2022, 8:000

“Over the past few months, vacationers have been subjected to a barrage of disruptions, and these latest statistics only serve to highlight the need for rapid reform of the travel industry,” says Which? Wizz Air was the worst airline for delays at UK airports last year, according to an analysis. According to an examination of...

Energy costs might bankrupt businesses, warns an ex-chancellor.

Creative Media NewsMonday, 29 August 2022, 11:000

Former chancellor Alistair Darling has warned that soaring energy costs could be the “last straw” that breaks the back of small enterprises. During the financial crisis, Mr. Darling, who was Labour’s chancellor, stated that “strong action” was required to help the economy. The household energy price cap will increase by 80% in October. However, enterprises...

Paul Allen: Largest art auction ever to sell $1bn collection.

Creative Media NewsFriday, 26 August 2022, 19:000

At the greatest art auction in history, around $1 billion (£847 million) worth of paintings belonging to the late Microsoft co-founder Paul Allen will be sold. As Mr. Allen desired, Christie’s auction house stated that the earnings from the November sale will be donated to charity. The collection contains works by Botticelli, Renoir, David Hockney,...

On Friday, 115,000 postal workers strike for Royal Mail.

Creative Media NewsFriday, 26 August 2022, 9:000

Approximately 115,000 Royal Mail postal workers have gone on strike over a salary dispute. It is the first of four days of industrial action, with walkouts also occurring on August 31 and September 8 and 9. Royal Mail cautioned that letters will not be delivered on strike days and that some packages could be delayed....

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